St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1887-06-11
New Advertisements.
CHARTER.
STATE OF LOUISIANA,
CRY OF New ORLEANS.


STATE OF LOUISIANA,
CITY OF NEw ORLEANS.
BE n Kxowx. That on this thirty.
frst day Of Nay. in the year of our Lord
one thousand eight hundred and eighty
seven, before me, Marcel +. Dunros, q
notary public in and for the city and
parish OF New Orie ans. State Of Louisi-
ana, aforesaid. duly commissioned and
sworn, personally came and appeared
the several persons whose names are
hereunto subscribed. who declared that,
xvailing themselves Of the provisions Of
the laws Of this State relative TO the Or
gan izstion If corporations tor works Of
general utility aud improvement. they
have covenanted and agreed. and do,
by these presents, cnvensnt an1 agree.
and bind themselves, a. well as such
persons az may hereafter become assO-
cixted with them. to form and constitute
corporation AMI body polite in Law.
for the purposes and objects and under
the stipulation. articles aud conditions
following, to-wit:
ARTICLE FIRST.
The name and title Of said corporation
shall be the "COVINGTON AND 81.
TAMMANY LAND AND IMPROVE
MENr COMPANY" and by that name
it shall have succession and corporate
existence for and during the term and
period of ninety-nine years from the
date Of these presents, unless sooner
dissolved in the manner hereinafter
provided. Tho domicile Of said corpora.
ton shall he in the town Of Covington.
State Of Louisiana. and il shall have =
corporate seal. to be such a. the Board
Of Directors may select.
ARTICLE SECOND.
The objects and purposes for which
this corporation il established, and the
nature Of the business 20 be carried on
by it are declared and specified to be TO
purchase. improve aud dispose of real
estate Of every description whatever in
the town Of Covingt0n or elsewhere in
this State; to erect. construct, operate
and establish factories and manu- facto-
ries Of every description, or any other
works or Improvements Of public utility
Of any and every character, kind and
description on said lands, tenements
and real estate - 4 may acquire or come
into possession Of by purchase, neso.
tiation or con GrAct; TO Improve. sell or
or property in such quantity or parcels
Of land ~ they may deem suitable to
purchasers, with the right to authorize
said purchasers to construct, operate
and establish factories and manufac-
tories Of every description On such
lands which the said purchasers may
acquire from the corporation; TO grant
and take mortgages. and make ad.
vxnces on real estate; 70 borrow money,
aud for the security thereof, 70 mort.
gage all or part Of the real estate owned
by said corporation; to loan all or any
portion Of the funds Of said corporation
by taking mortgages or other securities.
and to colopize and develop the agri.
cultural, mineral and anufActuving re-
sources Of tue state Of Louisiana, on any
land whirh it may become possessed OF
in the said State u promote imnigra.
tioc thereto: and TO purchase and sell
lands ~ real estate, SO rs 70 provide
homesteads or farms for persOns iInmi-
grating thereto; to connect any or all Of
said lands by railroad with any other
lines Of railroad; provided. that in all
cases such acquikition Of lands, and tue
disposition thereO., etc. etc., shall be
executed by the lsOxrd Of Directors
hereinafter provided for. or by officers
and agents duly authorised by said
Beard.
Said corporation shall have and pos.
sess all the powers, rights and privi-
leges that corporations are or may be, by
any general laws of this State. allowed
to possess. and may exercise its corp0r.
ate powers in any other State or Terri
tory of the United States that may auth.
orixe the same; tho said corporation
may sue and De sued, citations and all
legal processes shall he served at the
office Of the company. in the city Of
New Orleans. and Ipon the President,
and in his absence. upon the Vice
President Of the company.
ARTIcLl THIRD.
The capital stock of the company in
hereby fixed mt the xum Of One Hun
drod Thousand Dollars. to be repre-
.cnte,l by Two Thousand Shares, of the
par valne of Fifty Dollars each. which
shall he paid fol in such Manner Sc4tas
such tune M the o6ard of Directors may
provide. and payment therefor shall be
;dade in cash or in property of any de-
scription which, under the charter. may
be acquired by said corporation. or for
labor done for said corporation.
The Roari OF Directors shall deter.
mine tho terms and conditions upon
which certificates of stock shall issue,
and how and under what conditions
they shall. when issued. be transferred.
No stock hOlder rhall ever be held lia.
BILE or responsible for the faults or con-
tracts Of this corporation. nor for any Of
its transactions Or bnsiness. nor shall
any informality in the organization Of
the CORPORATION otherwise. have the ef-
az .,llsaxx Al.sa ala IAsas. Of